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REGISTERED NUMBER: 06036960 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023

FOR

SCORPION ENGINEERING LIMITED

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SCORPION ENGINEERING LIMITED

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: N Hannon
P A Hannon





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 06036960 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 337,614 311,289
Investments 5 50,000 50,000
387,614 361,289

CURRENT ASSETS
Stocks 23,877 21,632
Debtors 6 218,865 201,209
Cash at bank 139,383 64,986
382,125 287,827
CREDITORS
Amounts falling due within one year 7 193,628 147,988
NET CURRENT ASSETS 188,497 139,839
TOTAL ASSETS LESS CURRENT
LIABILITIES

576,111

501,128

CREDITORS
Amounts falling due after more than one
year

8

(108,055

)

(92,750

)

PROVISIONS FOR LIABILITIES (64,147 ) (57,196 )
NET ASSETS 403,909 351,182

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 403,809 351,082
SHAREHOLDERS' FUNDS 403,909 351,182

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

BALANCE SHEET - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





N Hannon - Director


SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Scorpion Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% straight line basis

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 708,173
Additions 178,657
Disposals (92,785 )
At 31 May 2023 794,045
DEPRECIATION
At 1 June 2022 396,884
Charge for year 102,464
Eliminated on disposal (42,917 )
At 31 May 2023 456,431
NET BOOK VALUE
At 31 May 2023 337,614
At 31 May 2022 311,289

The net book value of tangible fixed assets includes £ 116,003 (2022 - £ 137,801 ) in respect of assets held under hire purchase contracts.

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2022
and 31 May 2023 50,000
NET BOOK VALUE
At 31 May 2023 50,000
At 31 May 2022 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 198,098 189,525
Other debtors 20,767 11,684
218,865 201,209

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,994 9,747
Hire purchase contracts (see note 9) 32,112 37,327
Trade creditors 60,209 62,045
Taxation and social security 45,659 32,340
Other creditors 45,654 6,529
193,628 147,988

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,754 30,747
Hire purchase contracts (see note 9) 57,834 62,003
Other creditors 29,467 -
108,055 92,750

SCORPION ENGINEERING LIMITED (REGISTERED NUMBER: 06036960)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 32,112 37,327
Between one and five years 57,834 62,003
89,946 99,330


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 89,946 99,330

HSBC Bank Plc have a fixed and floating charge over the company's assets in a debenture dated 30 November 2007.

11. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.